# Minestarters Atlas News & Events

Canonical page: https://atlas-staging.minestarters.com/news?document_types=other

Atlas summarizes and classifies mining-industry stories from third-party publishers. Follow each source link for the original reporting.

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## EM2: 2026 Annual Report

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/em2-2026-annual-report--8a9599d8-e7b7-40b6-81b2-fc63c41429af) · [Markdown](https://atlas-staging.minestarters.com/news/em2-2026-annual-report--8a9599d8-e7b7-40b6-81b2-fc63c41429af.md)
- Original announcement: 2026-10-22T05:51:00.000Z
- Atlas analysis published: 2026-10-22T06:10:25.517Z
- Atlas analysis updated: 2026-10-22T06:10:25.517Z
- Company: Eagle Mountain Mining Limited (EM2)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155880)
- Atlas sentiment: 0.748
- Atlas tags: Joint Venture Formed, Free Carried Interest, Debt Restructuring, Project Re-acquired, Collaboration MOU, Placement Completed, Entitlement Offer Completed, JORC Compliant, QP/CP Signed, Stale Estimate, Historical Estimate Only

Eagle Mountain Mining Limited's 2026 Annual Report highlights the successful re-acquisition of its Oracle Ridge Copper Project and the formation of a significant joint venture with Nittetsu Mining Co. of Japan. Nittetsu will sole-fund US$16.5 million in exploration costs, with Eagle Mountain free-carried, and the company also restructured its debt and completed a capital raise. The Oracle Ridge project includes a historical Mineral Resource Estimate of 28.2 Mt at 1.35% Cu, 11.06 g/t Ag, and 0.16 g/t Au.

## Closing Bell: ASX puts the couch on Gumtree as retailers, miners and energy sag

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/closing-bell-asx-puts-the-couch-on-gumtree-as-retailers-miners-and-energy-sag--4e5acd38-6f94-4cae-be24-3892215ddc24) · [Markdown](https://atlas-staging.minestarters.com/news/closing-bell-asx-puts-the-couch-on-gumtree-as-retailers-miners-and-energy-sag--4e5acd38-6f94-4cae-be24-3892215ddc24.md)
- Original announcement: 2026-10-22T05:26:10.000Z
- Atlas analysis published: 2026-10-22T07:03:51.721Z
- Atlas analysis updated: 2026-10-22T07:03:51.721Z
- Company: Unknown company
- Original source: [stockhead](https://stockhead.com.au/news/closing-bell-asx-puts-the-couch-on-gumtree-as-retailers-miners-and-energy-sag/)
- Atlas sentiment: -0.053
- Atlas tags: Market Update, Mining Sector Decline

The ASX experienced a decline, with the mining and energy sectors performing poorly, reflecting broader market concerns. Despite this, Tambourah Metals reported high-grade gold drill intercepts from its Baxters South prospect in Western Australia, including a new deeper discovery in fresh rock. The company plans further drilling to delineate the extent of the gold mineralization.

## Omega Oil & Gas drilling tests northern extension of Canyon play

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/omega-oil-gas-drilling-tests-northern-extension-of-canyon-play--422549ab-f10e-4d76-a755-453c5d1595a8) · [Markdown](https://atlas-staging.minestarters.com/news/omega-oil-gas-drilling-tests-northern-extension-of-canyon-play--422549ab-f10e-4d76-a755-453c5d1595a8.md)
- Original announcement: 2026-10-22T05:22:51.000Z
- Atlas analysis published: 2026-10-22T07:04:00.528Z
- Atlas analysis updated: 2026-10-22T07:04:00.528Z
- Company: Omega Oil & Gas (OMA)
- Original source: [stockhead](https://stockhead.com.au/energy/omega-oil-gas-drilling-tests-northern-extension-of-canyon-play/)
- Atlas sentiment: 0.21
- Atlas tags: Nearology Play

Omega Oil & Gas has spudded the Canyon North-1 well in the Taroom Trough, Queensland, to test the northern extension of the Canyon oil and gas play. The well is planned to reach a depth of approximately 4000m, with results expected in about four weeks.

## RKB: Annual Report to shareholders

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/rkb-annual-report-to-shareholders--457f136a-c3ff-4879-902c-11a5baa1f415) · [Markdown](https://atlas-staging.minestarters.com/news/rkb-annual-report-to-shareholders--457f136a-c3ff-4879-902c-11a5baa1f415.md)
- Original announcement: 2026-10-22T04:52:00.000Z
- Atlas analysis published: 2026-10-22T05:04:52.269Z
- Atlas analysis updated: 2026-10-22T05:04:52.269Z
- Company: Rokeby Resources (RKB)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155841)
- Atlas sentiment: 0.049
- Atlas tags: None

Rokeby Resources' annual report highlights the strategic acquisition of the Omeo Gold Project, a high-grade gold asset in Victoria, funded by a $4.34 million placement. The company has commenced a nine-hole drilling program at the Sunnyside deposit within Omeo to upgrade historical estimates, with assay results pending. The report also presents historical, non-JORC compliant resource estimates for the Maude and Sunnyside deposits, totaling 2.4 Mt at 4.02 g/t Au for 320,000 ounces of gold.

## Power Minerals finds more rare earth riches 240m down at Morro do Ferro

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/power-minerals-finds-more-rare-earth-riches-240m-down-at-morro-do-ferro--57307ef2-89a9-4e1a-92f1-0b68f5cf2f89) · [Markdown](https://atlas-staging.minestarters.com/news/power-minerals-finds-more-rare-earth-riches-240m-down-at-morro-do-ferro--57307ef2-89a9-4e1a-92f1-0b68f5cf2f89.md)
- Original announcement: 2026-10-22T03:17:48.000Z
- Atlas analysis published: 2026-10-22T05:03:00.055Z
- Atlas analysis updated: 2026-10-22T05:03:00.055Z
- Company: Power Minerals (PNN)
- Original source: [stockhead](https://stockhead.com.au/resources/power-minerals-finds-more-rare-earth-riches-240m-down-at-morro-do-ferro/)
- Atlas sentiment: 0.686
- Atlas tags: Step-Out Extension, QA/QC Disclosed

Power Minerals has reported high-grade rare earth drilling results at its Morro do Ferro project in Brazil, including a 2m intercept of 6.88% TREO at 240m depth. The results identify two distinct high-grade zones at depth and extend the known mineralisation, supporting the company's upcoming maiden mineral resource estimate.

## Tambourah Metals’ high-grade hits unlock Baxters Sth gold potential

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/tambourah-metals-high-grade-hits-unlock-baxters-sth-gold-potential--0c29aeba-3b01-446c-a6b4-65479e05c9d0) · [Markdown](https://atlas-staging.minestarters.com/news/tambourah-metals-high-grade-hits-unlock-baxters-sth-gold-potential--0c29aeba-3b01-446c-a6b4-65479e05c9d0.md)
- Original announcement: 2026-10-22T02:49:21.000Z
- Atlas analysis published: 2026-10-22T03:07:43.619Z
- Atlas analysis updated: 2026-10-22T03:07:43.619Z
- Company: Tambourah Metals (TMB)
- Original source: [stockhead](https://stockhead.com.au/resources/tambourah-metals-high-grade-hits-unlock-baxters-sth-gold-potential/)
- Atlas sentiment: 0.686
- Atlas tags: Bonanza Intercept, Step-Out Extension

Tambourah Metals has reported high-grade gold drill results at the Baxters Sth prospect within its Bryah gold project in Western Australia. The results include an outstanding 4m intercept at 41.7 g/t gold and a new discovery of primary gold in fresh rock grading 35.5 g/t gold.

## Arika reels in EIS co-funding ahead of new gold-copper drilling

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/arika-reels-in-eis-co-funding-ahead-of-new-gold-copper-drilling--f9e57c2d-9457-4e48-81b7-8f9206b3e2b6) · [Markdown](https://atlas-staging.minestarters.com/news/arika-reels-in-eis-co-funding-ahead-of-new-gold-copper-drilling--f9e57c2d-9457-4e48-81b7-8f9206b3e2b6.md)
- Original announcement: 2026-10-22T01:57:02.000Z
- Atlas analysis published: 2026-10-22T03:06:51.014Z
- Atlas analysis updated: 2026-10-22T03:06:51.014Z
- Company: Arika Resources (ARI)
- Original source: [stockhead](https://stockhead.com.au/resources/arika-reels-in-eis-co-funding-ahead-of-new-gold-copper-drilling/)
- Atlas sentiment: 0.421
- Atlas tags: QA/QC Disclosed

Arika Resources has secured up to $211,213 in WA Government co-funding to drill two 600m diamond holes at the Yundamindra gold project. The upcoming program aims to test a potential porphyry-style gold-copper system beneath the high-grade Pennyweight Point prospect.

## BNR: Annual Report to shareholders

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/bnr-annual-report-to-shareholders--725639ec-fa1e-4590-af5d-2f79a1d81c72) · [Markdown](https://atlas-staging.minestarters.com/news/bnr-annual-report-to-shareholders--725639ec-fa1e-4590-af5d-2f79a1d81c72.md)
- Original announcement: 2026-10-22T01:31:00.000Z
- Atlas analysis published: 2026-10-22T02:09:39.379Z
- Atlas analysis updated: 2026-10-22T02:09:39.379Z
- Company: BULLETIN RESOURCES LIMITED (BNR)
- Original source: [asx](https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155729)
- Atlas sentiment: -0.053
- Atlas tags: Apparent Width Only, Infill Drilling, Permit Denied, Strong Financial Position

The annual report for Bulletin Resources Limited for the year ended 30 June 2026 details exploration activities and financial performance. At the Lake Rebecca Gold Project, aircore drilling at Chifley identified elevated gold values up to 0.13 g/t Au in transported saprolite, suggesting a concealed primary source, with further passive seismic surveys planned. The company faced a setback at its Ravensthorpe Lithium Project with the dismissal of a Native Vegetation Clearing Permit appeal on 24 July 2025, leading to the relinquishment of two tenements. Despite reporting a net loss of $569,632, Bulletin Resources maintains a strong financial position with $7.52 million in cash reserves and $13.5 million in cash and liquid assets.

## Javelin Minerals wraps up drill testing Coogee gold-copper targets

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/javelin-minerals-wraps-up-drill-testing-coogee-gold-copper-targets--f42c5918-d02d-4512-a557-819b9e463597) · [Markdown](https://atlas-staging.minestarters.com/news/javelin-minerals-wraps-up-drill-testing-coogee-gold-copper-targets--f42c5918-d02d-4512-a557-819b9e463597.md)
- Original announcement: 2026-10-22T00:56:34.000Z
- Atlas analysis published: 2026-10-22T01:03:28.880Z
- Atlas analysis updated: 2026-10-22T01:03:28.880Z
- Company: Javelin Minerals (JAV)
- Original source: [stockhead](https://stockhead.com.au/resources/javelin-minerals-wraps-up-drill-testing-coogee-gold-copper-targets/)
- Atlas sentiment: 0
- Atlas tags: No QA/QC Disclosure

Javelin Minerals has completed a deep diamond drilling campaign testing two magnetic intrusive targets at the Coogee gold-copper project in Western Australia. While the holes have reached depths of up to 1000m, assay results are still pending.

## Leviathan Metals’ Maiden Drilling Backs Copper Model Next to a Tier-One Mine

- Atlas analysis: [Read analysis](https://atlas-staging.minestarters.com/news/leviathan-metals-maiden-drilling-backs-copper-model-next-to-a-tier-one-mine--5756293f-f305-4ae6-8def-5bbadfc48bd7) · [Markdown](https://atlas-staging.minestarters.com/news/leviathan-metals-maiden-drilling-backs-copper-model-next-to-a-tier-one-mine--5756293f-f305-4ae6-8def-5bbadfc48bd7.md)
- Original announcement: 2026-10-22T00:00:00.000Z
- Atlas analysis published: 2026-10-21T17:03:25.118Z
- Atlas analysis updated: 2026-10-21T17:03:25.118Z
- Company: Leviathan Metals Corp. (LVX)
- Original source: [cruxinvestor](https://www.cruxinvestor.com/posts/leviathan-metals-maiden-drilling-backs-copper-model-next-to-a-tier-one-mine)
- Atlas sentiment: 0.195
- Atlas tags: Nearology Play, No QA/QC Disclosure

Leviathan Metals has completed the first 6,000 metres of a 10,000-metre maiden diamond drilling programme at its 100%-owned Central copper project in Botswana. The drilling intersected the target stratigraphic contact in 23 of 25 holes, with handheld XRF detecting copper in nearly every hole, though laboratory assays are still pending.

# Atlas tag definitions

- **Bonanza Intercept:** Exceptionally high-grade zone, well above the deposit-type norm.
- **True Width Disclosed:** Actual thickness perpendicular to structure is stated, not just downhole length.
- **Step-Out Extension:** Mineralization extended beyond the previously known limit.
- **QA/QC Disclosed:** Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
- **Compositing Transparent:** Cut-off grade and internal dilution rules are clearly stated for reported intervals.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Apparent Width Only:** Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
- **Stale Data Re-release:** Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
- **No QA/QC Disclosure:** Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
- **Metal Equivalent Opaque:** Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Deleterious Elements Present:** Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
- **Infill Drilling:** Confirmatory drilling to raise resource confidence, not new discovery.
- **Nearology Play:** Value premise rests on proximity to a known deposit rather than own results.
- **Measured Resource:** Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
- **Indicated Resource:** Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
- **Proven Reserve:** Measured Resource with demonstrated economic viability after applying modifying factors.
- **Probable Reserve:** Indicated Resource with demonstrated economic viability after applying modifying factors.
- **Category Upgrade:** Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
- **Tonnage Growth:** Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
- **Grade Improvement:** Average resource grade improved vs prior estimate — better deposit economics.
- **Contained Metal Growth:** True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
- **QP/CP Signed:** Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
- **Cut-off Disclosed:** Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
- **JORC Compliant:** Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
- **NI 43-101 Compliant:** Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
- **Inferred Resource:** Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
- **All Inferred:** 100% of resource is Inferred category — very early stage, no engineering confidence.
- **Grade Decline:** Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
- **Tonnage Decline:** Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
- **Category Downgrade:** Resource confidence decreased — Measured downgraded to Indicated, or Indicated to Inferred. Unusual and concerning.
- **Contained Metal Decline:** Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
- **Dilutive Growth:** Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
- **Cut-off Lowered:** Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.
- **Cut-off Undisclosed:** Cut-off grade not disclosed — cannot assess comparability to prior estimates or peers.
- **Historical Estimate Only:** Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
- **Stale Estimate:** Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
- **No Contained Metal:** Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
- **No QP/CP Disclosure:** No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
- **Maiden Resource:** First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
- **Resource Update:** Revised estimate for an existing resource — compare to prior to assess progress.
- **PEA-Supporting:** Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
- **PFS-Supporting:** Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
- **DFS-Supporting:** Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
- **High Recovery:** Recovery at or above the exceptional band for the commodity and processing route.
- **Pilot Scale Complete:** Pilot or demonstration plant testing completed under continuous operation.
- **Free Milling:** Simple, clean ore amenable to standard processing without oxidation.
- **Multi-Domain Tested:** Variability across ore domains (oxide, transition, fresh) has been addressed.
- **Recovery Improving:** Recovery improved versus a like-for-like prior test program on the same domain and route.
- **Low Recovery:** Recovery below the weak band for the commodity and processing route.
- **Bench Scale Only:** Only preliminary bench tests completed — no locked-cycle or pilot work.
- **Refractory Ore:** Complex mineralogy requiring oxidation or other special processing before recovery.
- **Single Domain Only:** Testing limited to one composite or domain — representativeness not established.
- **Recovery Stagnant:** No improvement across multiple test programs on comparable material.
- **Theoretical Recovery Only:** Only theoretical or liberation-derived recovery reported, with no actual test result.
- **Heap Leach Route:** Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
- **Mill Route:** Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
- **Gravity Route:** Gravity separation forms a material part of the flowsheet.
- **POX/BIOX Route:** Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
- **Byproduct Commodity:** The tested commodity is a byproduct rather than the primary economic driver.